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These establishments sell gifts, novelties, souvenirs, greeting cards, mugs, T-shirts, stuffed animals, seasonal and holiday decorations, small art goods and other decorative items. They may sell souvenirs that represent the city, state or country where the shop is located to attract tourists. Gift shops may be located within places frequented by visitors, such as museums and historic sites, for the purposes of selling items that visitors can remember those particular attractions by.

General Liability Insurance for Gift Shops – Gift shops should maintain the premises to keep all traffic areas in good condition and free of slip and fall hazards. Aisles should be well spaced and exits should be clearly visible. Items should be placed so they are within customers’ reach. A personal injury exposure will exist if gift shop visitors are wrongly accused of shoplifting. As a result, the gift shop could be sued for defamation or false imprisonment. The gift shop should implement training for the correct way to approach potential shoplifters. Any gift shop that imports goods from another country will increase their products liability.

Workers’ Compensation Insurance for Gift Shops – Gift shop employees should be trained to properly lift and handle stock. Employees should use caution when opening boxes of stock in order to prevent cuts and puncture wounds from the use of razor blades. Storage areas should be neat and clean. If preventative measures are not taken, injuries can occur to employees as a result of lifting, slipping and falling, shelving collapse, and electrical shocks.

Business Auto Insurance for Gift Shops – Gift shops should have a minimal business auto insurance risk. However, if employees occasionally run errands for the business, risks will be increased by youthful drivers under the age of 25 and driving during heavy traffic conditions.

Property Insurance for Gift Shops – Fire and theft may be concerns at gift shops. Paper products may be easily damaged by fire, smoke and water. If expensive items are sold, there will be a higher risk of theft. Stores should be properly secured as a result. An electronic tagging system with door exit alarms may help deter theft of more valuable items. Other useful monitoring systems include mirrors and closed circuit TVs.

Crime Insurance for Gift Shops – Money and securities are at risk of being stolen by burglars or robbers. Precautions include central station alarms, safes, and frequent bank drops. All monies should be closely monitored and duties should be divided among employees in gift shops. Inventory should also be counted regularly to help prevent employee dishonesty. In addition, the normal anti-embezzlement controls should be utilized such as counter signatures and separation of duties.